GSB Welcomes First Client to the Leavitt-Hovey House

Greenfield Savings Bank (GSB) has officially opened the restored Leavitt-Hovey House at 402 Main Street, welcoming its first client into the building on May 22.

 

The milestone follows a ribbon cutting held on May 13 and marks the completion of a nearly $7 million restoration, ushering in a new chapter for the historic property. GSB began relocating its teams to the building on May 14.

 

The Leavitt-Hovey House now serves as home to GSB’s Wealth Management & Trust, Residential Lending, and Cash Management teams.

 

Joe Elias of Sunderland became the first client to walk through the doors of the newly opened building.

 

“It’s beautiful,” said Elias, who grew up in the area and remembers visiting the building when it served as a public library. “This is such an iconic place in town. Seeing it brought back to life—and being used again—means a lot.”

 

Originally built in 1797 and listed on the National Register of Historic Places, the Leavitt-Hovey House has been carefully restored to preserve its historic character while integrating modern systems, accessibility upgrades, and spaces designed for private, client-focused conversations.

 

“Welcoming the first customer into the Leavitt-Hovey House is a meaningful moment for our team and for the community,” said Peter Albero, President & CEO of Greenfield Savings Bank. “This project reflects our long-term commitment to Greenfield—honoring its history while investing in its future.”

 

Elias, who has worked with GSB for several years, said the restoration reflects both the bank’s growth and its approach to serving clients.

 

“There’s a real sense of care here—not just in the investment, but in how the building was preserved,” he said. “It feels like something built for the future, without losing what makes this community special.”

 

The renovation includes restored woodwork and fireplaces, custom windows, a rebuilt entrance, a new ADA-compliant elevator, and thoughtfully redesigned interiors. GSB partnered with local firms Mowry & Schmidt, Inc. of Greenfield as general contractor and Bonham & Douglas of Northampton as architect.

 

Retail banking services will continue at GSB’s 400 Main Street branch.

 

About GSB Wealth Management and Trust Services
GSB Wealth Management and Trust Services, a wholly owned subsidiary of Greenfield Savings Bank, provides investment management, trust administration, and estate settlement services to individuals, families, and organizations. Established in 1992, the business oversees nearly $500 million in assets and serves clients nationwide. GSB’s experienced team offers custom portfolio management, fiduciary trust services, and comprehensive estate settlement, supported by strict confidentiality, precise administration, and timely reporting. For more information, visit greenfieldsavings.com/wealth-management. 

 

Important Investment Disclosure
Investment products offered through GSB Wealth Management and Trust Services are not deposits, not FDIC insured, not insured by any federal government agency, not guaranteed by the bank, and may lose value.

 

About Greenfield Savings Bank

Founded in 1869, Greenfield Savings Bank has proudly served Western Massachusetts for more than 150 years. The bank employs more than 200 people and operates offices and ATMs throughout Franklin and Hampshire counties, with branches in Greenfield, Amherst, Conway, Easthampton, Hadley, Northampton, Shelburne Falls, South Deerfield, and Turners Falls. Greenfield Savings Bank operates the only trust and investment management company headquartered in Franklin County, and total assets exceed $1.4 billion. The bank is a Member FDIC and Member DIF. For more information, visit greenfieldsavings.com.